The market: Conspiring to kill the credit unions

Ireland’s errant bankers will never be punished and that they will continue to have their interests actively promoted by the powers-that-be at our expense

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ou’ll find one in every pub: the guy who believes George Bush took out the twin towers and that the moon landings were faked. Don’t mention the war (Iraq) to Mr Conspiracy and never make an incident out of Roswell. Very few people share his ideas.

But then there’s a more plausible conspiracy theory: the one that suggests Ireland’s errant bankers will never be punished, that they are being protected by government, that they will continue to have their interests actively promoted by the powers-that-be at our expense.

Last week’s news that Allied Irish Banks wants to pay its new chief executive €200,000 more than the €500,000 cap on bank executives’ pay, and that the disgraced Anglo Irish Bank boss David Drum could keep half the value of his €3m US home in a bankruptcy sale, could make believers of us all.